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Booster Innovation Fund is a managed investment scheme that invests in early-stage innovation and technology startups within New Zealand. It focuses on emerging companies built on domestically developed intellectual property, providing capital for their development and commercialisation. The fund actively constructs a diversified portfolio of promising ventures.
Established by Booster, a New Zealand investment manager, the fund originated from the insight that local innovators need dedicated financial support to scale impactful ideas. This initiative fosters economic growth and technological advancement by investing in homegrown intellectual property, thereby strengthening the regional startup ecosystem.
The fund supports pioneering New Zealand companies evolving their solutions and expanding market reach. Booster Innovation Fund aims to be a pivotal partner, propelling these enterprises to their next growth stage. Its vision is to empower ventures addressing global challenges and shaping a positive future for New Zealand.
Booster Innovation Fund has 2 tracked investments across 2 companies. The latest tracked deal is $1.6M Other Equity in Avasa in September 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 14, 2023 | Avasa | $1.6M Other Equity | — | Bridgewest Group, Brisbane Angels, Cure Kids Ventures, Jacques Richter, Pacific Channel, Uniservices |
| Jun 1, 2022 | BioLumic | $14.0M Series B | OurCrowd | Alumni Ventures, Foundry Group, General Atlantic, H.I.G. Capital, Madrona Venture Group, GIL Penchina, Sapphire Ventures, Chaim Meir Tessler, Will Herman, Arcview Ventures, Aspire NZ, Canopy Rivers, Entourage Effect Capital, Finistere Ventures, Flatiron Venture Partners, Icehouse Ventures, MIG Nominee NO 1 Limited, Norwind Capital, Prithvi Ventures, Rabo Ventures, Virtu Capital |
